Methods of growing your Bitcoin?

[lorylore]

i can make money from gambling

you can make money with gambling if you are 100% sure winner all the time, but if not, then it's not a good way of growing your bitcoins

Well you don’t need to win 100% of the time to be a winner in a real life casino, you only need to push the percentage in your favor to about 51% and have deep pockets to withstand some bad luck.

don't you think if its just 51% winning is just break even?
maybe 75% wins that will make money
but again, it's based on chance and luck. not my cup of tea

If there was no house edge, you should break even.
When you go to Primedice, you should notice that at 2x payout the win chance is 49.5%. This is because Primedice has an 0.5% house edge, and this is why it is not profitable to play Primedice in the long term.

I am not interested in growing my bitcoin through gambling,
But for curiosity what role has this house edge that you have mentioned?
How does it affect in your earnings in this case for long term

[dre1982]

I stopped with faucets. The most dry up very quickly or don't pay.

And the most important thing, they pay such little.

[lastuser]

I can't think of any ways to grow my bitcoin other than investing on hyips , its not recommended but that is the only way i know 

[dinda22]

I can't think of any ways to grow my bitcoin other than investing on hyips , its not recommended but that is the only way i know 

when I used to play HYIP investments, but now the demand is very little that I did not dare to play again. I better play gambling, rather than lost in HYIP

[omahapoker]

Probably the best method to grow your Bitcoins would be to start investing it in startups, crowdfunding, shares, etc. I've invested mine into Banxshares and I've received good profits from their monthly dividends (every 28 of each month) Just invest what you can't afford to lose 

I think you were not very long on the forum or in the bitcoin community. Investing in bitcoin startups or securities is very risky. A lot of people lost very much coins. Up to the point that there exists practically no investment that did not turn out to be a scam or was run by inept businessmans.

And i think you should not feel too safe. Until you did not get your initial investment back, you are in the negatives. In bitcoin the better investment is to not invest. Since when you invest you give all your coins away and it's open if you get them back.

[Abiky]

Probably the best method to grow your Bitcoins would be to start investing it in startups, crowdfunding, shares, etc. I've invested mine into Banxshares and I've received good profits from their monthly dividends (every 28 of each month) Just invest what you can't afford to lose 

I think you were not very long on the forum or in the bitcoin community. Investing in bitcoin startups or securities is very risky. A lot of people lost very much coins. Up to the point that there exists practically no investment that did not turn out to be a scam or was run by inept businessmans.

And i think you should not feel too safe. Until you did not get your initial investment back, you are in the negatives. In bitcoin the better investment is to not invest. Since when you invest you give all your coins away and it's open if you get them back.

Your absolutely right there, mate. However, I only invest the very minimum amount just to be safe. In any case it turns out to be a scam, I could be relieved knowing that I only lost a very little amount of money instead of having spent a huge amount. 

[omahapoker]

i can make money from gambling

Mathematics say no. And whem you are at it long ago you will learn to agree. You definitely can't use gambling as a form of raising your stash because the chances are against you. Except you play a game where you can lower the risk up to the point where the chances are in your favor.

[omahapoker]

i can make money from gambling

you can make money with gambling if you are 100% sure winner all the time, but if not, then it's not a good way of growing your bitcoins

Well you don’t need to win 100% of the time to be a winner in a real life casino, you only need to push the percentage in your favor to about 51% and have deep pockets to withstand some bad luck.

don't you think if its just 51% winning is just break even?
maybe 75% wins that will make money
but again, it's based on chance and luck. not my cup of tea

If there was no house edge, you should break even.
When you go to Primedice, you should notice that at 2x payout the win chance is 49.5%. This is because Primedice has an 0.5% house edge, and this is why it is not profitable to play Primedice in the long term.

I am not interested in growing my bitcoin through gambling,
But for curiosity what role has this house edge that you have mentioned?
How does it affect in your earnings in this case for long term

It means that out of 100 bets with 50% chance you will lose 49.5 bets and lose 50.5 bets when house edge is one percent.

At 2x payout you will have a chance of 49.5%, which is a house edge of 1%, not 0.5%.

I'm no pro, so someone correct me when i'm wrong.

[buddu]

I started with faucet and then began to buy little little and selling them with small profit.At one point I thought gambling is good way to make my Bitcoins grow faster and I ended with loss.Now trading locally is the best option which I use to grow my Bitcoins.

[lorylore]

i can make money from gambling

you can make money with gambling if you are 100% sure winner all the time, but if not, then it's not a good way of growing your bitcoins

Well you don’t need to win 100% of the time to be a winner in a real life casino, you only need to push the percentage in your favor to about 51% and have deep pockets to withstand some bad luck.

don't you think if its just 51% winning is just break even?
maybe 75% wins that will make money
but again, it's based on chance and luck. not my cup of tea

If there was no house edge, you should break even.
When you go to Primedice, you should notice that at 2x payout the win chance is 49.5%. This is because Primedice has an 0.5% house edge, and this is why it is not profitable to play Primedice in the long term.

I am not interested in growing my bitcoin through gambling,
But for curiosity what role has this house edge that you have mentioned?
How does it affect in your earnings in this case for long term

It means that out of 100 bets with 50% chance you will lose 49.5 bets and lose 50.5 bets when house edge is one percent.

At 2x payout you will have a chance of 49.5%, which is a house edge of 1%, not 0.5%.

I'm no pro, so someone correct me when i'm wrong.

Well ok, i dont know much in the gamling/betting terminology but seems that some profit goes to the website owner.

I started with faucet and then began to buy little little and selling them with small profit.At one point I thought gambling is good way to make my Bitcoins grow faster and I ended with loss.Now trading locally is the best option which I use to grow my Bitcoins.

As you can see it has been grown fast at the beginning and end in loosing fast.

Good that you are out of that "dirty game"

[rivoke]

I stopped with faucets. The most dry up very quickly or don't pay.

And the most important thing, they pay such little.

Yeah but IMO, faucet taught me how did I earn some satoshis when I'm new on bitcoin.
Once I'm understand how to earn some bits, I try to buy some more and keep it as my investation for a few years because I can see bitcoin wil more valuable on the future

[scumbag]

I grow bitcoin slowly but surely
I buy bitcoins while it's still selling at low price and sell to those who needs it fast, somethimes they dont care about the interest.

[nejibens]

I can't think of any ways to grow my bitcoin other than investing on hyips , its not recommended but that is the only way i know 

True, but what we have as other solution to make bitcoin as easy as possible ?

[pearnapple]

the best method of growing your bitcoins is some kind of investment most probably though you need to avoid hyips

[dre1982]

Gambling is not the way. you could be lucky but the most people will lose. if it was a good way there wouldn't be so much casinos. They always win.

[omahapoker]

Probably the best method to grow your Bitcoins would be to start investing it in startups, crowdfunding, shares, etc. I've invested mine into Banxshares and I've received good profits from their monthly dividends (every 28 of each month) Just invest what you can't afford to lose 

I think you were not very long on the forum or in the bitcoin community. Investing in bitcoin startups or securities is very risky. A lot of people lost very much coins. Up to the point that there exists practically no investment that did not turn out to be a scam or was run by inept businessmans.

And i think you should not feel too safe. Until you did not get your initial investment back, you are in the negatives. In bitcoin the better investment is to not invest. Since when you invest you give all your coins away and it's open if you get them back.

Your absolutely right there, mate. However, I only invest the very minimum amount just to be safe. In any case it turns out to be a scam, I could be relieved knowing that I only lost a very little amount of money instead of having spent a huge amount. 

Though handling it that way would mean that you spend your time investing and you don't have something worthwhile as return. So was it worth investing then?

I lost alot already and there are some things to make sure. It's best not to invest when you have doubts. You give much money out of your hands and even with 100% annual return you would wait one year until you get it back. When you get it back.

Next thing is that you should never ever act on emotions. There is no chance that vanishes when you don't act fast enough. If you feel that way then go to sleep without investing.

And last thing is to check out the issuer. Get all details you can about him. Try to convince him to make it so that you have a contract with someone real. So that you could sue him just in case.

[omahapoker]

i can make money from gambling

you can make money with gambling if you are 100% sure winner all the time, but if not, then it's not a good way of growing your bitcoins

Well you don’t need to win 100% of the time to be a winner in a real life casino, you only need to push the percentage in your favor to about 51% and have deep pockets to withstand some bad luck.

don't you think if its just 51% winning is just break even?
maybe 75% wins that will make money
but again, it's based on chance and luck. not my cup of tea

If there was no house edge, you should break even.
When you go to Primedice, you should notice that at 2x payout the win chance is 49.5%. This is because Primedice has an 0.5% house edge, and this is why it is not profitable to play Primedice in the long term.

I am not interested in growing my bitcoin through gambling,
But for curiosity what role has this house edge that you have mentioned?
How does it affect in your earnings in this case for long term

It means that out of 100 bets with 50% chance you will lose 49.5 bets and lose 50.5 bets when house edge is one percent.

At 2x payout you will have a chance of 49.5%, which is a house edge of 1%, not 0.5%.

I'm no pro, so someone correct me when i'm wrong.

Well ok, i dont know much in the gamling/betting terminology but seems that some profit goes to the website owner.

Of course. They create their sites to profit. As well as the investors invest to profit. Though saying that, luck can make that you win 100 bets. There is a variance. But over time you will lose with mathematical insurance.

Gambling is definitely not a way to grow your investment. As long as you don't have a way to raise your chance so that you have an advantage. Then, over time mathematics would be on your side. But there are only some games where this is possible.

[nydiacaskey01]

i can make money from gambling

you can make money with gambling if you are 100% sure winner all the time, but if not, then it's not a good way of growing your bitcoins

Well you don’t need to win 100% of the time to be a winner in a real life casino, you only need to push the percentage in your favor to about 51% and have deep pockets to withstand some bad luck.

don't you think if its just 51% winning is just break even?
maybe 75% wins that will make money
but again, it's based on chance and luck. not my cup of tea

If there was no house edge, you should break even.
When you go to Primedice, you should notice that at 2x payout the win chance is 49.5%. This is because Primedice has an 0.5% house edge, and this is why it is not profitable to play Primedice in the long term.

Well there's other type of gambling like betting in sports and bet on the sure win like the upcoming fight of Mayweather

[White sugar]

What is that IMO? Sorry for asking

This discussion about Methods of growing your Bitcoin?

Ah when im seeing that online games comes first to my mind, and i dont know why.

games are bad to grow your bitcoins, unless you launch the games.

recently Goldentow's gold crashed in price, reducing the profits close to 0

[afriezalie]

What is that IMO? Sorry for asking

This discussion about Methods of growing your Bitcoin?

Ah when im seeing that online games comes first to my mind, and i dont know why.

games are bad to grow your bitcoins, unless you launch the games.

recently Goldentow's gold crashed in price, reducing the profits close to 0

Agree with you. It's hard to grow bitcoin with games except with investment method but it's still hard compared to the real investment service. Maybe we can choose trading for the best option due to price fluctuation of bitcoin right now.